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JBF Petrochemicals has entered into an agreement with OMPL for the assurance of the supply of raw material (PX) to its upcoming PTA plant for a long term – of minimum ten years, which can be extended with mutual consent.
PX will be supplied by a pipeline of 3 km length for the production of around 1.25 million tonnes of PTA in a year.
Around 114 acres of land has been allotted for this project. The total estimated cost for this entire project is $677 million.
This project is one of the largest of its kind in the country, according to the company website. (MCJ)
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